How to Pay for Home Healthcare in Sheboygan, WI
Comfort Keepers can help guide you in your home healthcare payment options
Home healthcare offers many benefits, from companionship to personal one-on-one care. This type of long term care is getting more popular every day, and if you have decided to keep your parent at home there are several ways you can pay for in-home care in Sheboygan, WI.
Many believe that Medicare is a solution for financing senior home healthcare but unfortunately, it is typically not a great option. Medicare only covers a narrow range of costs. Medicaid, if your loved one qualifies for it, can cover some expenses that Medicare doesn't. It can pay for nursing home care and some in-home care services. Seniors who do not qualify for larger government programs may qualify for state programs. Information on these can be found through local Area Agencies on Aging.
Another funding option is long-term care insurance, just be aware that the coverage is expensive. As your loved one gets older, premiums increase. According to The Wall Street Journal, a 55-year-old single adult can expect to pay $2,065 a year for $162,000 in benefits with 3-percent compound inflation protection. If your loved one qualifies for Veterans Administration aid it can cover some of the costs of in-home care in Sheboygan, WI.
Another solution for paying for in-home care is tapping into savings. The cost of long-term home healthcare for your parent depends on the type of care available and the degree of assistance they need. Anyhow, home care is more affordable than a nursing home. Keeping your loved one at home costs considerably less per hour than it would be to send them to your local nursing home, and it also provides them with independence and sense of security.
If you have any questions about funding home care or our home healthcare services, contact us at (920) 204-6886 today!